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Property profile & analytics
OFF-MARKET
Warehouses

808 Milrany Ln Melissa, TX 75454

269,897 SF 6.2 ac lot
Property ID
US82-2891869
Property summary
AI-generated overview

This exceptional 6.196-acre property in Melissa, TX, offers significant development potential. Located at the intersection of FM 2933 and CR 412, it boasts approximately 450 linear feet of frontage on FM 2933 and CR 1116, placing it approximately two miles south of SH 121. The property includes two buildings, a home suitable for office use, and a substantial 2+ acre gated and fenced gravel parking lot complete with lighting and an electronic gate. The existing infrastructure includes 85 parking spaces. The property's 269,897 square feet of land includes 87,000 square feet of net rentable space. Water access is available via the North Collin Water SUD-CCN (10-inch and 4-inch water lines along the property), while sewer access is within the McKinney Sewer CCN (though no sewer lines are currently on the property). The property is served by Melissa ISD and utilizes a septic system. Importantly, the property is outside city limits and zoning restrictions, with no flood plain, pipelines, or large transmission lines present. This owner-user investment opportunity is priced at $1,950,000 ($7.22/sq ft). The property is currently vacant with an occupancy date of October 9, 2024.

Property profile
Verified
Property type Warehouses
Total area 269,897 SF
Lot 6.2 ac (269,898 SF)
UPID US82-2891869
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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